On June 18, JD Logistics fell 3.05% in regular trading, trading at 12.08 HKD/share, with turnover of approximately 59.66 million HKD.
On the news front, JD Logistics has entered a quiet period ahead of its interim results, suspending its share buyback program that had been running consecutively since May 15. Prior to the halt, the company had repurchased over 40.65 million shares totaling approximately 535 million HKD across 22 trading days, yet the stock declined over 16% during that period. The removal of buyback support appears to have intensified selling pressure.
Additionally, the company's Q1 fulfillment costs rose 29% year-over-year, with the expense-to-revenue ratio climbing from 6.7% to 7.1%. Combined with expectations of rising oil prices in Q2, cost-side concerns continue to weigh on sentiment. The broader Air Freight & Logistics sector also traded lower, with SF Holding down 2.75%, Sinotrans down 2.59%, and ZTO Express down 1.72%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments